Administrator James Posted January 20 Administrator United Kingdom Posted January 20 Transforming Financial Advisers' Technology Fundment, a leading technology platform for financial advisers, has announced a £45 million Series C funding round led by Highland Europe, with additional participation from ETFS Capital. This significant investment will drive product development, team expansion, and future growth, further cementing Fundment’s position as a key player in the fintech space. Why Fundment Stands Out 1. A Solution to Persistent Challenges Founded in 2018 by Ola Abdul, a seasoned asset manager with experience at abrdn and BlackRock, Fundment addresses long-standing technology challenges faced by financial advisers: Lack of integration: Legacy infrastructure often fails to connect with essential applications, creating inefficiencies. Regulatory complexity: Advisers must balance bespoke services with stringent compliance requirements. Fundment’s platform offers a one-stop solution, integrating: Core platform services Back-office tools Discretionary investment management solutions User-friendly client portals 2. Customisable and Scalable Technology Fundment empowers financial advisers to: Utilise tax wrappers and build APIs for custom integrations Automate processes for scalable operations Navigate complex regulations efficiently This approach delivers significant client value while enabling firms to operate securely and effectively. 3. Market Opportunity The UK’s financial advisory market is poised for transformative growth: Wealth Transfer: £5.5 trillion of assets will be passed down in the UK over the next 30 years, with $68 trillion globally. Market Growth: The global financial planning software market is projected to reach $18.1 billion in the next decade. Fundment’s innovative platform positions it to capitalise on these opportunities, addressing the needs of high-net-worth individuals and their advisers. Key Features of Fundment’s Platform Comprehensive Investment Marketplace Fundment provides access to a wide range of investments, including: OEICs, Unit Trusts, and Investment Trusts ETFs and domestic/international equities Growing Customer Base The platform serves over 500 firms, ranging from sole traders to wealth management companies, and has doubled its assets under management year-on-year while achieving profitability. Public and Private Sector Reach As the UK government considers reforms to the public pension system, Fundment is working with local authorities to bring modern architecture to public sector advisers, replicating the success seen in the private sector. Statements from Leadership and Investors Ola Abdul, Founder & CEO "Financial advice is a heavily regulated space, and it is difficult for fintech platforms to break through unless they truly understand how to manage and enable operations for their customers. For the past six years, we have been building Fundment as the all-in-one tech platform to support a financial advice firm’s every need so they can dedicate more time to delivering value to customers. We now have over 500 firms relying on Fundment, but we’re still in the early stages of our journey. I’m delighted to have the backing of Highland Europe and look forward to working with the knowledgeable team there as we scale Fundment." Gajan Rajanathan, Partner at Highland Europe "Financial advisers face a growing need for modern technology to scale amidst increasing client sophistication and regulatory pressure. We are thrilled to be backing Ola and the team at Fundment, who have deep domain expertise in asset management and a unique perspective on the software challenges facing independent financial advisers. Fundment offers an easy-to-use, transparent, modern investment platform providing comprehensive access to a suite of investment options. There will be powerful tailwinds in this market over the coming years, and Fundment is in an ideal position to capitalise." The Future of Fundment Scaling Innovation The £45 million funding round will enable Fundment to: Expand its product offerings Enhance platform customisation and integrations Invest in cutting-edge fintech technologies Accelerating Growth Fundment’s focus on scaling its team and entering new markets will strengthen its position as a leader in financial adviser technology, driving efficiency and value for its customers. Quote User number 1 - in 5 years this will hopefully mean something User Awards 4 2 2
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.